SIMILARWEB LTD.
SMWB · Services-Computer Programming, Data Processing, Etc. · EDGAR filings ↗
Reference price $4.15 — last insider purchase, 2026-06-01 (estimated from the dated SEC Form 4 price — not a live quote)
Grade
C56Digital-intelligence / web-analytics SaaS — near breakeven with positive free cash flow, thin liquidity.
Strengths
- Positive free cash flow — FCF $13M (53rd), FCF margin 5%
- High gross margin, growth — gross margin 80% (69th), revenue +13%
Risks
- Near-breakeven/net loss — operating margin -8%, net margin -12%
- Thin liquidity, negative equity — current ratio 0.76 (25th), ROE artifact
- Competition — per 10-K
Notable findings
- Net lossNet loss (net margin -11.7%)
- Weak liquidityCurrent ratio 0.76 (<1)
- Insider buyingInsider buying — 7 open-market buy(s) by 4 insider(s) (cluster of 4 insiders, ~$1M, last 6mo) Form 4 ↗
Key metrics
Gross margin
79.5%
Operating margin
-8.3%
Net margin
-11.7%
Return on equity
-141.2%
Return on assets
-12.6%
Revenue growth (QoQ)
13.1%
Current ratio
0.8×
Free cash flow
$13M
EBITDA
-$15M
Tangible book value
-$22M
Cash & investments
$72M
Stock comp / revenue
7.5%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-01 | Offer Or | Buy | 50K | $4.15 |
| 2026-05-21 | Eilam Barak | Buy | 50K | $3.86 |
| 2026-05-20 | Beit-On Harel Moshe | Buy | 75K | $3.89 |
| 2026-05-19 | Offer Or | Buy | 3.0K | $3.55 |
| 2026-05-19 | Offer Or | Buy | 50K | $3.58 |
| 2026-05-18 | Offer Or | Buy | 3.1K | $3.20 |
| 2026-05-18 | Rapaport-Dagim Tamar | Buy | 40K | $3.22 |
All non-derivative Form 4 activity (SEC), newest first.
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 20-F | 2026-03-02 | 2025-12-31 | 0001842731-26-000018 ↗ |
| 20-F | 2025-02-27 | 2024-12-31 | 0001842731-25-000013 ↗ |
| 20-F | 2024-02-28 | 2023-12-31 | 0001842731-24-000012 ↗ |
| 20-F | 2023-03-23 | 2022-12-31 | 0001842731-23-000008 ↗ |
| 20-F | 2022-03-25 | 2021-12-31 | 0001842731-22-000013 ↗ |